Animoca Brands Founder’s X Social Media Account Hacked, Used To Promote Fake Solana Ecosystem Token

The co-founder of Animoca Brands, a leading firm in the blockchain gaming space, had their X social media account hacked and used to promote a fake Solana (SOL) token.

In a new thread on the social media platform X, Animoca Brands – known for creating metaverse game The Sandbox (SAND) – says that founder and chairman Yat Siu’s X account was taken over by bad actors and used to endorse a fake token launch on Solana.

“Unfortunately Yat Siu’s social media account has been compromised. There is no official token or NFT (non-fungible token) launch from Animoca Brands. The token launch on Solana as claimed in a post was made by the hacker. Please DO NOT engage with the account and stay vigilant. We will provide an update when the account is restored.”

In a separate post on X, Mocaverse (MOCA) – the NFT collection of Animoca Brands that was said to be launching a token over SOL – says the ecosystem is safe and that better security measures are now in place.

“We have confirmation that X has secured control of Yat Siu’s account and is now in the process of verifying true account ownership. The evidence seems to suggest that this was a case of stolen identity as the account had standard security implementations…

There is no compromise on Animoca Brands, Moca Network or MOCA Foundation official handles, and there are strict security measures in place. As safety measures, all key members and official accounts have updated all authentications. No additional vulnerabilities or unauthorized activities were identified.”

SAND and MOCA are trading for $0.561 and $0.327 at time of writing, respectively.

According to blockchain investigator ZackXBT, Siu likely fell for the same phishing email scam that other blockchain executives were hit with earlier this week.

“Update: Yat Siu (co-founder of Animoca) likely fell for the same phishing email a few hours ago as the scam token was deployed by the same address as the Kick and Vanar CEO ATOs.”

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